Analysts outline multiple scenarios ahead: a move past $120,000, an extended period of sideways trading, or a possible correction below $100,000 if conditions change. For now, the market’s direction remains uncertain, making this a key moment to watch how global and economic factors unfold.
Yes, the chances of getting stuck below 120k is very low because after consolidation, every market will enter into a bullish trend. Bitcoin market is getting ready for another round of rally which may take the prices to new zone like 150k level or above. Because, rate cut federal bank of USA will boost the movements of funds from bank and bonds to crypto space. So, I guess Mr. Trump will heavily work for bitcoin in terms of rate cut.
As institutional investors and countries continue to get involved, the demand for BTC will also continue to increase and it will influence the price positively.
I do read about lots of institutions are adding bitcoin to their portfolio still we are not having the rally like how we witnessed by 2017 or 2013. This is the reason people do ask about final ATH of this bullish year. Like few other people here, I started to believe that bitcoin is going to have few more ATH this year and in next year as well. So, bitcoin market will remain bullish for next 15 to 18 months most probably.